Haven't planned your tax-saving investments?

Sickness and disease can affect anyone at any age level and therefore it makes sense to take up a medical cover early in life even if your employer provides you a group medical cover.

It not only saves tax, but also provides protection from unexpected hospitalisation.

This may also be a good time to relook at your health coverage and even take one for parents if they are not yet covered by health insurance as the tax rules provide for an additional deduction of up to Rs 20000 for senior citizen parents.